Earnings Scorecard & Analyst Reports for Spirit of Texas Bancshares (NASDAQ:STXB)

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Earnings results for Spirit of Texas Bancshares (NASDAQ:STXB)

Spirit of Texas Bancshares, Inc. is expected* to report earnings on 10/20/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.31. The reported EPS for the same quarter last year was $0.4.

Spirit of Texas Bancshares last announced its quarterly earnings data on July 21st, 2020. The reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.15. The business earned $28.62 million during the quarter, compared to the consensus estimate of $28.20 million. Spirit of Texas Bancshares has generated $1.40 earnings per share over the last year and currently has a price-to-earnings ratio of 9.8. Spirit of Texas Bancshares has confirmed that its next quarterly earnings report will be published on Tuesday, October 20th, 2020.

Analyst Opinion on Spirit of Texas Bancshares (NASDAQ:STXB)

1 Wall Street analysts have issued ratings and price targets for Spirit of Texas Bancshares in the last 12 months. Their average twelve-month price target is $26.00, predicting that the stock has a possible upside of 96.52%. The high price target for STXB is $26.00 and the low price target for STXB is $26.00. There are currently 1 hold rating for the stock, resulting in a consensus rating of “Hold.”

Spirit of Texas Bancshares has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $26.00, Spirit of Texas Bancshares has a forecasted upside of 96.5% from its current price of $13.23. Spirit of Texas Bancshares has received no research coverage in the past 90 days.

Dividend Strength: Spirit of Texas Bancshares (NASDAQ:STXB)

Spirit of Texas Bancshares pays a meaningful dividend of 2.10%, higher than the bottom 25% of all stocks that pay dividends. Spirit of Texas Bancshares does not have a long track record of dividend growth. The dividend payout ratio of Spirit of Texas Bancshares is 20.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Spirit of Texas Bancshares will have a dividend payout ratio of 28.00% next year. This indicates that Spirit of Texas Bancshares will be able to sustain or increase its dividend.

Insiders buying/selling: Spirit of Texas Bancshares (NASDAQ:STXB)

In the past three months, Spirit of Texas Bancshares insiders have bought 294.34% more of their company’s stock than they have sold. Specifically, they have bought $235,000.00 in company stock and sold $59,594.00 in company stock. Only 14.98% of the stock of Spirit of Texas Bancshares is held by insiders. 35.85% of the stock of Spirit of Texas Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Spirit of Texas Bancshares (NASDAQ:STXB

Earnings for Spirit of Texas Bancshares are expected to decrease by -21.26% in the coming year, from $1.27 to $1.00 per share. The P/E ratio of Spirit of Texas Bancshares is 9.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.66. The P/E ratio of Spirit of Texas Bancshares is 9.80, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.28. Spirit of Texas Bancshares has a P/B Ratio of 0.62. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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